Dec 28th 2010 8:20PM Gimmee loot card!
Dec 28th 2010 8:19PM Gimmee cards!
Dec 28th 2010 8:14PM Gimmee books!
Dec 6th 2010 1:48PM I could always use a new mouse.
Nov 30th 2010 9:49AM We've started a new WoW podcast: Warcraft Lounge. One of us is hardcore (not me), and the other is casual (me).
Check out the Warcraft Lounge at:
or just put our name into Google...we're the #1 site.
Thanks in advance for listening and leaving feedback of the non-flame variety. :)
Oct 28th 2010 7:54PM Wow, you really just like going where you don't know things.
It's not the play time, you nitwit. It's the fact that I could walk out of here and use my degree to get a pt job that would pay more than the one you could land. That money we lose by not playing, is not the same for you and me. I lose more. Imagine if Warren buffet played Wow. It would be the most expensive WoW subscription of all time.
And it's in reference to a second additional job; of course I'm not going to work more hours at a salaried job. I am pretty sure I am one of the few people who is overtime exempt whenever I read a WoW gold thread, and it makes me smile. I read Marcko of JTMC and I know he's a salary exempt worker, his ideas make sense 100% of the time, and he's even monetized his product. He works for Boeing, not Orange Julius.
Is it so shocking to find someone prefers the writings of people who have graduated College? Really? I like full sentences, punctuation, logic and a point of view...sue me.
And did you really just try and justify wasting time? It's more than just me, an AFK raider wastes the time of 24 other people. It's the "Umbrella in the stadium" scenario where it's great when you do it, but it sucks when everyone else does it too.
Maybe what keeps people where they're at, is the distinct lack of urgency or true sense of loss that faulty logic encourages. It's like, you don't know you could be doing more with your life because you don't know you could be doing more with your life. As opposed to not caring.
The internet is a soapbox, it is not magical smartness pills. It just makes your arguments heard round the globe, it does not impart wisdom.
So far, while I have been modestlty entertained, nobody has made me seriosuly consider a single rational, diametrically opposite idea in my head, which is the only point of debate that nobody plans on winning.
Seriously, I have people arguing against sound economic principle. Hey, while we're at it, let's debate the merits of gravity.
Oct 28th 2010 6:27PM The original post, which was not replied to but posted at the end of this comment thread, talks about a second job. Also, since I know what I am worth, I know my relative value outside of a salaried structure, and since I don't have to work 8 hours a day and my beenfits are taken care of at my FT job, it is possible I can attain a PT salary in excess of my hourly 'rate'.
Wow.com...only here do I get people with barely a high school diploma trying to lecture me on opportunity cost, as if flipping a stack of Cardinal Rubies gives you any qualifications to weigh in on economics. People should have to link their diplomas, so I know who to safely ignore.
The internet gives every jackhole the right to comment on myocardial infarctions, but the only person whose opinion matters are Cardiologists. I feel the same way about 'gold blogs' where people who's couldn't explain TMV, Arbitrage, RoR, if they had all the time and help in the world, yet pop in for some pseudo-intellectual sparring while being completely chock full of it.
To continue with your lesson, opportunity cost doesn't factor in enjoyment, positive externality (hey amateur wordsmith, use 'happiness' next time), etc. It's simply: What are you doing vs. what could you be doing, and what is the difference between the two.
Irony: Someone nitpicking the plural of the word 'pedantic', when they didn't know it before today, had to look it up, and it means, paraphrased, being a nitpick, especially regarding grammar.
Oct 28th 2010 6:10PM Aris; your me time is considered a cost. Once you decide you will not work vs. free time, any hobby you have starts costing you money.
Considering this is more time consuming than most hobbies, WoW can be pretty expensive.
Or think of it this way, most people start playing the game and it absorbs a ton of time and energy. How many people do you know started playing, lost a ton of weight, and went to school for a Masters degree? Not many...mostly because all those things stake time and there is only so much time in the day, and hours in a week.
Oct 28th 2010 4:56PM If there is one concept all the wannabe auctioneers throws up here without a clue as to what it is, it's opportunity cost. My thinking does not include eating or sleep because those are necessary activities that do represent the highest/best use of my time. If I sleep 16 hours a day when I need 8, or eat 12 meals a day when I could get by with 3, the excess could be categorized as costing me stuff.
When will the people who play this game realize that flipping gems in a virtual world, gives you no credibility when it comes to finance, especially when you're talking to someone with a Finance degree. I got an A in Micro and Macro economics...so apparently my professor managed to plow through his embarrassment/worry and give me the grade someone with a clue deserved.
I really wish I could say the same for the others. P.S. there is a longer response to this floating around the comments...I don't feel like reposting it so go find it.
Oct 28th 2010 4:50PM My talents as a College grad with a usable degree gives me an excellent starting point for fair market value of my time per hour. My time per hour might diminish to $20, then again it might not. I could accept a job with longer hours, at a considerably higher salary, if we want to get into pedantics.
And opportunity cost refers to the HIGHEST AND BEST USE of your time which means that if I go raid or farm mats, then I have to apply that time against the best use of my time. I could haul garbage...I can also do my job presently. I'm not supposed to calculate the cost of every profession that I can earn a buck with; opportunity cost calculates the best use of my time.
Anyway, it's funny to see people not think of time spent as "spending"; these are the same mouthbreathers who employ the 'I farm for free argument'; every use of your time has an equivalent dollar amount attached to it whether or know it or not. By spending your time in that alternative method, it costs you real money to raid.
I don't write a check, but money was 'spent' because no money was earned. Only if my alternative were some other form of goofing off, does the opportunity cost drop to zero.
If you need numbers to make this real for you: If you raid 12 hours a week, and could instead make $20/hour, then raiding costs you $240/week of opportunity cost. That cost of raiding, adds up to $12,000/year. After subtracting taxes, which you don't keep, the real cost of raiding is roughly $9,000/year.
Option A: Raid (lots of epics), and have just as much real money as you have now (0)
Option B: Play the AH (lots of gold), don't raid, have just as much real money as you have now (0)
Option B: Stop raiding (no epics), stop the AH, start working and end the year with an additonal $9,000 in real money.
If you don't think raiding costs money after that, then I don't think you ever will.
(Also, did I really just have to lay out opportunity cost for someone operating a gold column? Really? I know the target audience of this site is casual, but c'mon, that's intellectual laziness.)